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The Role of Parliament in Public Finance Management in Kenya

Role of Parliament in Public Finance Management in Kenya

The role of the Kenyan Parliament in public finance management in Kenya is very important. Parliament plays this role through two committees of the National Assembly and the Senate Respectively. These Committees are the National … Continue ReadingRole of Parliament in Public Finance Management in Kenya

What is the Contingencies Fund in Kenya?

What is the Purpose of the Contingencies Fund in Kenya?

Article 208 of the Kenyan Constitution establishes the Contingencies Fund. The purpose of the Contingencies fund is the urgent and unforeseen need for expenditure for which there is no other legislative authority. Further, the Public … Continue ReadingWhat is the Purpose of the Contingencies Fund in Kenya?

What are the Types of Government Budgets in Kenya?

What are the Types of Government Budgets in Kenya?

Before we talk about the types of government budgets in Kenya, let’s define a budget. A budget is a document that sets out the government’s proposed revenues, expenditure and priorities for a specific financial year. … Continue ReadingWhat are the Types of Government Budgets in Kenya?

What is the Consolidated Fund in Kenya?

What is the Purpose of the Consolidated Fund in Kenya?

Article 206 of the Constitution establishes the Consolidated Fund in Kenya. This fund acts as the main bank account for the national government. The Public Finance Management (PFM) Act expounds on the Consolidated Fund. All … Continue ReadingWhat is the Purpose of the Consolidated Fund in Kenya?

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